PRL's 33-49

Location
PRL’s 33-49 cover the area formerly called PEL 218 in the South Australian side of the Nappamerri Trough that is the “source kitchen” for petroleum that is produced in the fields north and south of the block. PRL’s 33-49 occupy a total area of 1,601km².

*Both Deka and Well Traced are wholly owned subsidiaries of Adelaide Energy. Adelaide Energy is a subsidiary of Beach Energy.

Icon Energy’s interest in the Post Permian section of PRL’s 33 - 49 is a working interest and not a title interest. The title interest in PRL’s 33 – 49 is held by Beach Energy (70%) and Chevron Australia Exploration 1 Pty Ltd (30%).

Prospect Type & Extent
The Post Permian section is prospective for coal seam gas. Beach Energy is currently concentrating its exploration efforts on the shale opportunities in the Permian section of the tenement.